CREI Lectures in Macroeconomics

CREI Lectures in Macroeconomics

69 Pages · 2012 · 613 KB · English

CREI Lectures in Macroeconomics Contracts and the Global Organization of Production Pol Antràs Harvard University June 2012 Pol Antràs (Harvard University) CREI

CREI Lectures in Macroeconomics free download

CREI Lectures in Macroeconomics Contracts and the Global Organization of Production Pol Antràs Harvard University June 2012 Pol Antràs (Harvard University) CREI Lectures: Lecture 2 June 2012 1 / 69 Intro duction Intro duction Introduction In this lecture, I will begin to discuss simple ways to introduce contractual imperfections in the benchmark models developed at the end of Lecture 1 I will start with a simple variant of the Melitz (2003) model of exporting this will be developed in more detail in the Lectures’ manuscript Later I will introduce contractual frictions into the model of global sourcing in Lecture 1 At the end, I will discuss empirical evidence suggestive of the role of these frictions for the international organization of production Pol Antràs (Harvard University) CREI Lectures: Lecture 2 June 2012 2 / 69 Contracts and Exp orting Behavior Contractual Frictions in the M elitz M o del Contractual Frictions in the Melitz Model In the Melitz model, it is assumed that …rms decide on the volume of output sold in each market in a pro…t-maximizing manner Remember that the pro…ts that a …rm from country iwith productivity janticipates obtaining in country jare given by p ij( j ) = max n (t ijw i) 1 s B jj s 1 w if ij , 0 o But to realize those pro…ts, we implicitly assume that the …rm: 1 has full information on all parameters of the model (including the level of demand implicit in the term B j) 2 can hire (e¢ ciency units of ) labor at a wage rate w i(or inputs) without frictions 3 can costlessly contract with a local distributor (an agent, employee, or a …rm) that will collect the sales revenue in country jand will hand them over to the exporter in iin exchange for a fee Pol Antràs (Harvard University) CREI Lectures: Lecture 2 June 2012 3 / 69 Contracts and Exp orting Behavior Contractual Frictions in the M elitz M o del Contractual Frictions in the Melitz Model A lot of interesting recent work in Trade has been

------------- Read More -------------

Download crei-lectures-in-macroeconomics.pdf

CREI Lectures in Macroeconomics related documents

On stiffness in affine asset pricing models

25 Pages · 2007 · 387 KB · English

School of Economics and Social Sciences, Singapore Management University,. 90 Stamford Road, Singapore 178903; email: [email protected] Economic and econometric analysis of continuous-time affine asset pricing models often necessitates solving systems of ordinary differential equations.

Automotive Cases To Watch In 2016

6 Pages · 2016 · 437 KB · English

Here are the automotive cases attorneys will be watching in the coming year: After absorbing a massive public relations hit, the German carmaker's . Andolina of Sidley Austin LLP and Mitchell Widom of Bilzin Sumberg Baena Nissan North America Inc. is represented by Kimberly A. Cook, E. Paul 

school of arts and sciences ma in coaching &athletic administration

28 Pages · 2009 · 526 KB · English

TOEFL scores must meet the minimum university requirement which is 550 for the in the left hand column; then “Youth” and then scroll down to the last paragraph .. flexible process that has been called “a spiral of self-reflection.

Opportunities and Challenges in the Development of Marine Renewable Energy In the Caribbean

31 Pages · 2012 · 981 KB · English

Page 1 5. CARICOM Heads of Government. • identified RE as one of Regional SIDSDOCK Mechanism for SIDS includes a focus on OTEC. 9. site, the Alfa-Laval mobile biofouling test rig mechanism and communication tool;.

Patterns of Codon Usage in Plastidial Genomes of Ancient Plants Provide Insights into Evolution

6 Pages · 2015 · 355 KB · English

Piper cenocladum,. Chloranthus spicatus and Illicium oligandrum. Details of these nine genomes are provided in. Table1. Only those sequences were .. (Grant No. BT/BI/04/069/2006). REFERENCES. Bernardi G, Berbardi G 1986 Compositional constraints and genome evolution. J Mol Evol 24:1-11.

Business Scenario: Identifiers in the Enterprise - Home | DMTF

42 Pages · 2006 · 470 KB · English

Business Scenario: Identifiers in the Enterprise iv Management Summary How should an enterprise identify people and things to optimize its operation and facilitate

the architecture of grammar in artificial grammar learning

260 Pages · 2009 · 1.4 MB · English

I am very grateful to Luis Hernandez for programming assistance and for always being there to help resolve whatever misunderstandings arose between me and the computers, solve technical glitches, and make sure everything was set up exactly the way. I needed it. Many thanks also go to all my 

A History of Child Health Equity Legislation in the United States

6 Pages · 2003 · 228 KB · English

future goals and objectives of the MCHB. During the 19th century, states and private agen-cies assumed responsibility for the health and social

Demography, Migration, and the Labour Market in oman

20 Pages · 2015 · 1.52 MB · English

Keywords: Oman, Foreign & National Populations, Foreign Population, Labour Market, National &. Foreign Labour, Statistics, Omanisation, 53. http://gulfnews.com/news/gulf/oman/oman-freezes-expatriate-recruitment-in-construction-and-cleaning- sectors-1.1248182. 54. Steffen Hertog, ”Arab Gulf 

Create Roosts for Bats in Your Yard, EC 1555

8 Pages · 2004 · 611 KB · English

House Builders Handbook from BCI. You can buy a ready-made bat house from BCI or the. Oregon Department of Fish and Wildlife (see. “For more information,” pages 7–8). Bat houses also are available at some home and garden or specialty stores. Be sure that these bat houses match the